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The Booker Prize is a prestigious annual award given to the best novel written in English by an author from the Commonwealth, Ireland, or Zimbabwe. It's one of the most important literary honors in the English-speaking world, and winning it significantly boosts a book's sales and the author's reputation.
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The Booker Prize, formerly the Booker Prize for Fiction (1969–2001) and the Man Booker Prize (2002–2019), is a literary award conferred each year for the best single work of sustained fiction written in the English language, which was published in the United Kingdom or Ireland. It is regarded as one of the most prestigious literary awards, and the winner receives £50,000, as well as international publicity that usually leads to a significant sales boost. When the prize was created, only novels written by Commonwealth, Irish and South African (and later Zimbabwean) citizens were eligible to receive the prize; in 2014, eligibility was widened to any English-language novel—a change that proved controversial.
A five-person panel consisting of authors, publishers and journalists, as well as politicians, actors, artists and musicians, is appointed by the Booker Prize Foundation each year to choose the winning book. Gaby Wood has been the chief executive of the Booker Prize Foundation since 2015.